What is the CAPM required return of a stock with a beta of 1.5 if the risk-free rate is 1.8% and the expected market risk premium is 5.3%? Answer in percent, rounded to two decimal places. (e.g., 4.32% = 4.32) [Hint: CAPM required return = Risk-free rate + beta x EMRP. Remember order of operations. Multiply beta and EMRP first, then add the risk-free rate] .